Welcome to our dedicated news page for Helix Energy Solutions Group (Ticker: HLX), a resource for investors and traders seeking the latest updates and insights on Helix Energy Solutions Group.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Helix Energy Solutions Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Helix Energy Solutions Group's position in the market.
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Helix Energy Solutions Group, Inc. reported a net loss of $26.3 million in the first quarter of 2024, with adjusted EBITDA of $47.0 million. Revenues were $296.2 million, reflecting improvements in Well Intervention, Robotics, and Production Facilities. The company retired its Convertible Senior Notes due 2026 and settled the Alliance earn-out, enhancing its financial position and focusing on its Energy Transition strategy.
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2.54%
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Helix Energy Solutions Group, Inc. (HLX) will announce its first quarter 2024 results on April 24, 2024. The review will take place on April 25, 2024, via a live webcast and teleconference.
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0.34%
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Helix Energy Solutions Group, Inc. (HLX) will be participating in the Piper Sandler 24th Annual Energy Conference and NYSE Energy & Utilities Virtual Investor Access Day in March 2024. Investor presentations will be available on the company's website.
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Helix Energy Solutions Group, Inc. announces a five-year joint framework agreement with Talos Energy Inc. for decommissioning operations in the U.S. Gulf of Mexico. The agreement includes a base pricing structure and specific project scheduling, with work set to begin in Q2 2024.
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Helix Energy Solutions Group, Inc. reported a net loss of $28.3 million for Q4 2023, compared to net income of $15.6 million in Q3 2023. Adjusted EBITDA was $70.6 million for Q4 2023. Full-year 2023 net loss was $10.8 million, with adjusted EBITDA of $273.4 million. Revenues for Q4 2023 were $335.2 million, with a gross profit of $49.3 million. Helix initiated capital structure transformations, eliminating potential dilution overhang and pushing major long-term debt maturities to 2029.
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-11.12%
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Helix Energy Solutions Group, Inc. (NYSE: HLX) secures a deepwater well intervention contract with Esso Exploration and Production Nigeria, enhancing its presence in West Africa. The project in the Erha and Usan fields offshore Nigeria is set to begin in September 2024, showcasing the Q4000 vessel's capabilities in providing integrated well intervention services.
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Helix Energy Solutions Group, Inc. (NYSE: HLX) has announced the extension of its decommissioning contract with Trident Energy do Brasil Ltda for an additional 12 months. The contract is in direct continuation of the current one and is expected to begin in the fourth quarter of 2024 at rates in line with the improved well intervention market. The company has also signed six-year charter extensions for both the Siem Helix vessels, and extended the Helix Producer I (HPI) contract by one year. These contract extensions reflect improving market conditions and increased demand for Helix’s assets and services.
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Helix Energy Solutions Group, Inc. (HLX) will release its Q4 and full year 2023 results on February 26, 2024. The associated slide presentation and webcast will be available on their website. The company will review the results on February 27, 2024, via a live webcast and teleconference.
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Helix Energy Solutions Group, Inc. (NYSE: HLX) has announced the redemption of its 6.75% Convertible Senior Notes due 2026 on March 20, 2024. The redemption price is equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date, plus the applicable make-whole premium. The aggregate principal amount of the outstanding Notes is $39,983,000 as of January 16, 2024. The Notes may be converted at any time before March 18, 2024, and would be convertible into shares of Helix’s common stock at a rate of 143.3795 shares per $1,000 principal amount of the Notes. The Company also intends to enter into unwind agreements with financial institutions to terminate the remaining portions of the capped call transactions entered into in connection with the issuance of the Notes.
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1.49%
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Helix Energy Solutions Group, Inc. (NYSE: HLX) announced the continuation of the convertibility of its 6.75% Convertible Senior Notes due 2026 from January 1, 2024, through March 31, 2024. The Notes will remain convertible due to the Closing Sale Price of Helix’s Common Stock being more than the Conversion Trigger Price for at least 20 of the last 30 consecutive Trading Days of the calendar quarter ending December 31, 2023.
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Helix Energy Solutions Group, Inc.
NYSE:HLX
HLX Rankings
HLX Stock Data
1.61B
142.59M
6.37%
92.64%
2.69%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
United States of America
HOUSTON
About HLX
helix energy solutions' roots begin in the 1960s with a group of pioneering oilfield divers whose work made possible many of the advancements in the offshore industry that are taken for granted today. now we specialize in overcoming new offshore challenges using a fleet of unrivaled vessels that operate on subsea fields in every major producing region in the world. we're a diversified company that in addition to operating our own offshore oilfields, has laid thousands of miles of pipeline in the gulf of mexico and offers other oil companies one of the widest selections of specialized work-class rovs available anywhere in the world. we're also the world's preeminent contractor for live well intervention which recently helped to establish us as the industry's best solution for containing future subsea oil spills. at helix our employees take pride in being part of a global company that has set industry records and continues to make the most of opportunities where others see none at all.